Crypto/investment scams #1 riskiest in 2024
In 2024, the overall median dollar loss reported by Canadians in 2024 was $311, up from $300 in 2023. The percentage of those who reported losing money after being targeted by a scam (susceptibility) decreased slightly from 61.1% in 2023 to 59.5% in 2024.
The top three riskiest scams reported in Canada remained the same in 2024 as those reported in 2023. Investment/cryptocurrency scams remained the No. 1 riskiest scam, with a high median dollar loss ($5,000). More than 87% of those who reported being targeted by this scam type lost money. Employment scams remained the No. 2 riskiest, with a median dollar loss of $2,500. Home improvement scams, again No. 3 riskiest, had a median dollar loss of $1,500 and a high percentage of reports with a dollar loss (83.9%).
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